Wii Production Increase

Satoru Iwata, Nintendo's president has admitted that the company failed to predict demand for Wii, and will increase production of the console.

Iwata's statement after a UK analyst claimed the Wii demand would not be met until 2009. .

Iwata told reporters, "We must do our best to fix this abnormal lack of stock. We have not been able to properly foresee demand."

A Nintendo spokesperson yesterday confirmed to GamesIndustry.biz that Wii production is set to increase, stating, "We have put solid production plans in place to ensure a steady flow of product through 2007."